Housing costs in New Orleans?
A typical home costs
$530,700, which is 57.0% more expensive than the national average of
$338,100 and 187.2% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,530 per month, which is 53.0% more than the national average of
$1,000 and 22.9% more than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70115), Louisiana, a minimum annual income of
$101,520 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70115 New Orleans, LA is relatively high compared to the national average. Housing costs are significantly higher than the national average, with the median home price being about $235,000. Renting is also quite expensive, with a one-bedroom apartment typically costing around $1,300 a month. The cost of groceries and other everyday necessities is also quite pricey compared to other parts of the country. Transportation costs can vary depending on distance and mode of transportation, but are generally more expensive than elsewhere in the US as well. While it may be costly to live in 70115 New Orleans, LA, its vibrant culture and atmosphere make it worth every penny for many people.